Wanted to wait for the 10Q on $TSLA before commenting on the qtr; I'm sure 99% of people won't look through it but it always helps to clarify a few things; sec.gov/Archives/edgar… First thing that struck me off of the earnings report was
"why would $TSLA convert #BTC to Fiat ($)"; that in and of itself should make you want to dig deeper; @PlainSite has a great thread on this but let's just say that unrestricted cash is a very small component of the reported $18.9Bln "cash"; growing and extending
accounts payable ($11.2Bln btw) should raise some eyebrows ( $TSLA increasing AP from 72 to 80 days may help preserve cash but doesn't pay the bills); I would say a debt/equity offering should be coming soon and since @elonmusk sold $8.5 Billion of stock at higher prices he will
state his intention to buy shares (nothing more than a token move/amount) if the opportunity presents itself. The problem with that is the $TWTR mess he created & potential personal liability he has that are tied to his $TSLA shares may not allow this & the circus begins
in Delaware in October; so where does all this leave us? You have an $800Bln company that doesn't trade on fundamentals; you have a business that is susceptible to both competition and a deteriorating economic climate; you have multiple gov't agencies investigating $TSLA on both
operating (@NHTSAgov @NTSB) and non-operating issues (@SECGov); you have multiple lawsuits related to employee treatment/discrimination; $TSLA has a Board (ex Larry Ellison) that is completely complicit in allowing Musk to go unchecked while all getting paid handsomely; lastly
you have a group of Wall Street analysts that refuse to call out any issues for fear of losing trading and banking fees; $TSLA is the king of the #memestocks but at least $GME $AMC only show people getting injured in video games & movies, while $TSLA is doing it in real life
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